There are several ways to save money on car insurance. However, it is important to maintain adequate levels of insurance to cover unexpected accidents. The following are some examples of how to save money on car insurance while maintaining safe levels of coverage.
- Car choice
Before you buy a car, check with your agent to see how much the rate for the car you have chosen will be and if the premium and the car payment fit within your budget.
- Deductible choice
Your insurance premium can be decreased if you increase your portion of the risk. Raising your collision and comprehensive deductibles from $250 to $500 or higher can save you nearly half the cost. However, it is important to remember that you will have to pay the higher deductible any time you use the lower premiums.
Ask each company what special discounts it offers. For example, discounts are often available to young drivers who are good students or have taken a drivers education course. Discounts are also available to seniors who take an additional drivers education course.
- Streamline your policies
You may have an overlap in coverage, such as medical coverage and health care, or collision and uninsured motorist property damage Ask your agent to explain what each coverage offers.
- Shop around
Because each company's rates are based on its own loss experience, the premium charged by different companies can be different for the same driver. However, the cheapest insurance is not necessarily the best.
Companies differ in the skill, care and speed with which they settle customer claims. It is important to research any companies that your have never heard of before.
Speak to an Experienced Insurance Attorney Today
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local insurance attorney to discuss your specific legal situation.